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REGISTERED NUMBER: OC349868 (England and Wales)















Financial Statements for the Year Ended 28 February 2023

for

Linear Control Systems Investments LLP

Linear Control Systems Investments LLP (Registered number: OC349868)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Linear Control Systems Investments LLP

General Information
for the Year Ended 28 February 2023







DESIGNATED MEMBERS: D Davenport
Linear Control Systems Ltd
Mrs S Davenport





REGISTERED OFFICE: Unit 2
United Business Park
Lowfields Road
Leeds
West Yorkshire
LS12 6UB





REGISTERED NUMBER: OC349868 (England and Wales)





ACCOUNTANTS: Richard Smedley Limited
Chartered Accountants & Registered Auditors
Richmond House
Lawnswood Business Park
Redvers Close
Leeds
West Yorkshire
LS16 6QY

Linear Control Systems Investments LLP (Registered number: OC349868)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 279,457 279,457

CURRENT ASSETS
Debtors 60,610 64,312
Cash at bank 7,696 3,694
68,306 68,006
CREDITORS
Amounts falling due within one year 5 3,809 3,509
NET CURRENT ASSETS 64,497 64,497
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

343,954

343,954

LOANS AND OTHER DEBTS DUE TO
MEMBERS

6

343,954

343,954

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 6 343,954 343,954
Amounts due from members (60,610 ) (64,312 )
283,344 279,642

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 28 February 2023.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

Linear Control Systems Investments LLP (Registered number: OC349868)

Balance Sheet - continued
28 February 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 13 January 2024 and were signed by:





D Davenport - Designated member

Linear Control Systems Investments LLP (Registered number: OC349868)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Linear Control Systems Investments LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss account.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2022 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022
and 28 February 2023 300,000
DEPRECIATION
At 1 March 2022
and 28 February 2023 20,543
NET BOOK VALUE
At 28 February 2023 279,457
At 28 February 2022 279,457

Fair value at 28 February 2023 is represented by:
£   
Valuation in 2019 43,203
Cost 256,797
300,000

Linear Control Systems Investments LLP (Registered number: OC349868)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Taxation and social security 1,125 1,125
Other creditors 2,684 2,384
3,809 3,509

6. LOANS AND OTHER DEBTS DUE TO MEMBERS
28.2.23 28.2.22
£    £   
Amounts owed to members in respect of profits 343,954 343,954

Falling due within one year 343,954 343,954

In the event of winding up, other unsecured creditors would be paid first before any repayment of members' accounts.